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FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything (AMA)
Started:March 7th, 2013 (03:35 PM) by Big Mike Views / Replies:103,858 / 509
Last Reply:November 29th, 2016 (02:49 PM) Attachments:19

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FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything (AMA)

Old November 1st, 2013, 10:34 AM   #241 (permalink)
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Stanstead, Quebec, Canada
 
Futures Experience: Intermediate
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I am looking for the optimum instrument on which to draw trend lines and trend channel lines on daily charts of the S&P 500. I presume it is not with the SPY because it's value gaps down every 3 months with dividends. Nor would it be with the ES futures becuse it's premium/discount also changes with time to eventually align with the index. This leaves the SPX index itself.

However I know that drawing trend lines on multiple day charts works better using ES RTH than Equity RTH. So over an extended period of time (months) what is the optimum vehicle? Thanks for you contibution of time and sharing of knowledge FuturesTrader71.


Last edited by Royal Flush; November 1st, 2013 at 06:38 PM.
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Old November 1st, 2013, 01:54 PM   #242 (permalink)
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Can volume profile also be used for stocks?

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Old November 17th, 2013, 02:42 PM   #243 (permalink)
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Tip


There will be a Live AMA session on Tuesday, November 19th @ 12:00 PM ET.

- Quick and casual, 30 minute cap
- No prepared presentation
- Live screen sharing
- Floor will be opened immediately to questions
- Recording uploaded to AMA thread afterwards
- Attend live to get your questions answered

The link for the event is:
https://www3.gotomeeting.com/register/526917438




Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

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Old November 19th, 2013, 12:34 PM   #244 (permalink)
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AMA room is now open.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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The following user says Thank You to Big Mike for this post:
     

Old November 19th, 2013, 04:49 PM   #245 (permalink)
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Manta, Ecuador
 
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Futures Edge on FIO

Are you a NinjaTrader user?

 
I want to thank @FuturesTrader71 for his time today as always.

Here is today's recording:



If you did not get your question answered, please post it in the thread and FT71 will do his best to answer.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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Old December 8th, 2013, 10:26 PM   #246 (permalink)
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Manta, Ecuador
 
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Platform: My own custom solution
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Posts: 45,540 since Jun 2009
Thanks: 28,884 given, 80,128 received

Tip


There will be a Live AMA session on Tuesday, December 10th @ 12:00 PM ET.

- Quick and casual, 30 minute cap
- No prepared presentation
- Live screen sharing
- Floor will be opened immediately to questions
- Recording uploaded to AMA thread afterwards
- Attend live to get your questions answered

The link for the event is:
https://www3.gotomeeting.com/register/858354022




Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
     
The following user says Thank You to Big Mike for this post:
     

Old December 9th, 2013, 09:54 AM   #247 (permalink)
Elite Member
Toledo,OH,United States
 
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Platform: tradestation
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prop firm similar to topstep or a couple others

Hi FT71,

Love all your webinars any chance in future you will be starting up a remote prop firm similar to topstep or some of the other ones out there just curious. Thanks, bob.

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Old December 10th, 2013, 04:34 AM   #248 (permalink)
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Johannesburg - South Africa
 
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Mike, as I will be unable to attend todays AMA live, please will you ask FT71 the following if possible:

- After the market has been in balance for a few days, the day which finally breaks out of balance is often a strong trend day. On days like this you can really get hurt if you're still trading under the assumption that the market is in balance.

While the market is still within balance, what clues do you look for that it may be looking for a move out of balance on a particular day so that you dont end up fading all day.

Many thanks.

You donít trade the markets; you only trade your beliefs about the markets.
- Van K Tharp
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Old December 10th, 2013, 12:34 PM   #249 (permalink)
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Charlotte, NC
 
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Coaching

FT71, can one be a good self coach (as in Brett Steenbarger's book), or do you recommend gettting an actual coach? If an actual coach is recommended, what is the best way to get a good coach?

Thanks

Hector

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Old December 10th, 2013, 12:36 PM   #250 (permalink)
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Snoqualmie, WA
 
Futures Experience: Advanced
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Favorite Futures: TF, 6E and 6S
 
Posts: 26 since Jun 2010
Thanks: 7 given, 7 received



hectormas View Post
FT71, can one be a good self coach (as in Brett Steenbarger's book), or do you recommend gettting an actual coach? If an actual coach is recommended, what is the best way to get a good coach?

Thanks

Hector

Hector,
Since FT71 is doing morning trading plan updates and tweeting what's happening during the day, he is already being a coach for anybody that can recognize the value.
Jump on board Hector and learn from a pretty darn good trader!

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